The new coronavirus recovery stimulus plan which as been proposed in the Senate comes with a $1 trillion price tag. But with huge amounts of money earmarked for “transportation,” trucking shouldn’t get its hopes up. Only $238,500 (or 0.00002385% of the total) is targeted at trucking.
According to the bill, the $238,500 will go to the Federal Motor Carrier Safety Administration. Funds are supposed to “support activities to prevent, prepare for, and respond to coronavirus.” It is unclear how the money will be distributed or used to accomplish that goal.
Other DOT groups received much, much more funding. Under the bill, the Department of Transportation will get $26.2 million for the Office of the Secretary alone. The FAA will get $50 million, the Essential Air Service will see an additional $75 million in funding, and the Grants-In-Aid for Airports will have $10 billion extra to spend between now and September of 2025.
Trucking’s $238,500 stimulus amount would need to be increased by 42,000 times in order to equal what just the Grants-In-Aid for Airports stimulus amount is.
This stimulus bill is the Republican-controlled Senate’s version of the Democrat-controlled House’s bill which was proposed back in May. As neither bill has the support of the other side of the aisle, it is unlikely that either will be passed into law without major alterations.